Newsletter

HD Supply Acquires Presto Maintenance Supply

On September 3, HD Supply Holdings, Inc. (HDS) announced that the company acquired Presto Maintenance Supply. The deal closed on September 1, but HD Supply did not disclose the terms of the acquisition. Presto Maintenance Supply primarily serves the Houston metro area and reported sales of $15 million in 2018.   Jet Equities detected the […]

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The City of New York Awards Contracts to NV5 Global

On August 29, NV5 Global, Inc. (NVEE) announced that the company received three contract awards from the New York City Department of Design and Construction (NYCDDC). The contracts total $12 million over three years.  NV5 will provide engineering services for the Red Hook Integrated Flood Protection System project in Brooklyn, design services for Phase 5 […]

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Trinseo’s Board of Directors Authorizes Stock Repurchase Program

On August 28, Trinseo (TSE) announced that its Board of Directors authorized a share repurchase program. Under the terms of the program, the company can repurchase up to $3.3 million worth of common stock over the next 90 days. Trinseo is a global materials solutions provider and manufacturer.   Jet Equities detected the event and […]

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Phototronics’ Board of Directors Authorizes Share Repurchase Program

Phototronics, Inc. (PLAB) announced on August 28 that its Board of Directors authorized a stock repurchase program. The company had paused its share repurchase activity earlier in the year to focus on its investment activities. Under this program, Phototronics may repurchase up to $100 million in common stock.   Jet Equities sent an alert to […]

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Burlington Stores Reports Quarterly Earnings and Increases EPS Guidance

Burlington Stores, Inc. (BURL) reported second quarter earnings and adjusted its annual EPS outlook on August 29. Total sales increased 10.5% over last year, and net income increased by 19%. Burlington increased the outlook on its annual EPS from $6.93 – $7.00 to $7.14 – $7.22.   Jet Equities detected the event and issued an […]

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AbbVie Receives FDA Approval for RINVOQ

On August 16, AbbVie (ABBV) announced that it received FDA approval of RINVOQ (upadacitinib), a 15 mg, once-daily oral Janus kinase (JAK) inhibitor. The drug is expected to be available in the U.S. by the end of August 2019. RINVOQ treats adults with moderately to severely active rheumatoid arthritis (RA) who have had an inadequate […]

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Aetna Better Health of Florida Awarded Florida Healthy Kids Contract

On August 15, Aetna Better Health of Florida, a CVS Health company (CVS), announced that it was awarded a new, statewide contract with the Florida Healthy Kids Corporation. The five-year contract begins on January 1, 2020. Aetna Better Health will be one of only two companies providing managed care services to Florida Healthy Kids members […]

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Marten Transport Announces Special Dividend and Share Repurchase

Marten Transport, Ltd. (MRTN) made two important announcements for shareholders on August 13. First, the Board of Directors declared a special cash dividend payment of $0.65 per share in addition to the regular quarterly dividend of $0.03 per share. The dividends will be paid on September 30 to shareholders of record on August 26. Second, […]

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Perspecta Awarded Contract with National Geospatial-Intelligence Agency

On August 12, Perspecta, Inc. (PRSP) announced that it received a contract award from the National Geospatial-Intelligence Agency (NGA). It is a single award Indefinite Delivery, Indefinite Quantity (IDIQ) contract with a maximum ceiling value of $824 million over five years. Perspecta will perform full life cycle systems engineering and integration work for the NGA. […]

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